Press Release from the Competition Council regarding the economic concentration project concerning the acquisition of exclusive control of the company ‘Electronic Arts Inc.’ by the Public Investment Fund of Saudi Arabia ‘PIF’.

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘summary of the operation’ below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The direct acquirer: the company ‘Oak-Eagle AcquireCo, Inc.’;
• The indirect acquirer: The Public Investment Fund of Saudi Arabia (PIF)
• The target: The company ‘Electronic Arts Inc.’.

Nature of the operation

• Acquisition of exclusive control.

Economic sectors concerned:

• Development and publishing of video games for mobile devices.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e., December 01

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project concerning the acquisition of exclusive control of the company ‘Electronic Arts Inc.’ (EA) by the Public Investment Fund of Saudi Arabia (PIF), through the company ‘Oak-Eagle AcquireCo, Inc.’.

‘Oak-Eagle AcquireCo, Inc.’ is a company incorporated in the State of Delaware, United States of America (registration number 10341340), with its registered office located at Corporation Trust Center, 1209 Orange St, Wilmington, New Castle, 19801, Delaware, United States of America. ‘Oak-Eagle AcquireCo, Inc.’ is a newly formed entity, exclusively controlled by the PIF fund and owned by the latter, as well as the companies ‘Silver Lake’ and ‘Affinity Partners’.

‘PIF’ is the sovereign fund of the Kingdom of Saudi Arabia. In accordance with the Public Investment Fund Law adopted in April 2019, PIF’s mandate is to invest its assets according to the highest standards to maximize returns in the public interest, support the economic development of Saudi Arabia, and diversify its sources of income for the benefit of future generations. It holds direct and indirect investments in several sectors in Saudi Arabia and internationally, including food and agriculture, energy, financial sector, industry, real estate, logistics, and digital sector.

‘Electronic Arts Inc.’ is a company incorporated in the State of Delaware, United States of America (registration number 2262497), with its registered office located at 209 Redwood Shores Parkway, Redwood City, California 94065, United States of America. EA is a publicly traded American company specializing in global interactive entertainment. It develops, markets, and publishes video games as well as associated online content and services.

 

Done in Rabat, November 20, 2025